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Marathon Digital (MARA) Competitors

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$11.26 +0.11 (+0.99%)
As of 08/21/2026 04:00 PM Eastern

MARA vs. BTBT, CLSK, COIN, HIVE, and HUT

Should you buy Marathon Digital stock or one of its competitors? Marathon Digital's main competitors and comparable companies include Bit Digital (BTBT), Cleanspark (CLSK), Coinbase Global (COIN), HIVE Digital Technologies (HIVE), and Hut 8 (HUT). Companies are selected based on similarities in market, industry, and size.

How does Marathon Digital compare to Bit Digital?

Marathon Digital (NASDAQ:MARA) and Bit Digital (NASDAQ:BTBT) are both technology companies, but which is the superior business? We will contrast the two businesses based on the strength of their earnings, profitability, institutional ownership, valuation, media sentiment, dividends, analyst recommendations and risk.

Bit Digital has a net margin of -237.19% compared to Marathon Digital's net margin of -429.71%. Bit Digital's return on equity of -10.66% beat Marathon Digital's return on equity.

Company Net Margins Return on Equity Return on Assets
Marathon Digital-429.71% -26.05% -12.73%
Bit Digital -237.19%-10.66%-6.81%

Marathon Digital has a beta of 5.4, meaning that its stock price is 440% more volatile than the broader market. Comparatively, Bit Digital has a beta of 4.02, meaning that its stock price is 302% more volatile than the broader market.

Marathon Digital presently has a consensus price target of $18.78, suggesting a potential upside of 66.77%. Bit Digital has a consensus price target of $5.13, suggesting a potential upside of 234.97%. Given Bit Digital's higher probable upside, analysts plainly believe Bit Digital is more favorable than Marathon Digital.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Marathon Digital
2 Sell rating(s)
2 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.50
Bit Digital
1 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.40

In the previous week, Marathon Digital had 24 more articles in the media than Bit Digital. MarketBeat recorded 30 mentions for Marathon Digital and 6 mentions for Bit Digital. Marathon Digital's average media sentiment score of 0.36 beat Bit Digital's score of 0.28 indicating that Marathon Digital is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Marathon Digital
10 Very Positive mention(s)
6 Positive mention(s)
5 Neutral mention(s)
4 Negative mention(s)
1 Very Negative mention(s)
Neutral
Bit Digital
2 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

44.5% of Marathon Digital shares are owned by institutional investors. Comparatively, 47.7% of Bit Digital shares are owned by institutional investors. 1.0% of Marathon Digital shares are owned by insiders. Comparatively, 2.0% of Bit Digital shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Bit Digital has lower revenue, but higher earnings than Marathon Digital. Bit Digital is trading at a lower price-to-earnings ratio than Marathon Digital, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Marathon Digital$907.09M4.80-$1.31B-$9.16N/A
Bit Digital$113.56M4.86-$80.32M-$1.06N/A

Summary

Bit Digital beats Marathon Digital on 9 of the 16 factors compared between the two stocks.

How does Marathon Digital compare to Cleanspark?

Cleanspark (NASDAQ:CLSK) and Marathon Digital (NASDAQ:MARA) are both mid-cap technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their earnings, risk, institutional ownership, dividends, profitability, valuation, media sentiment and analyst recommendations.

Cleanspark has a beta of 3.86, indicating that its stock price is 286% more volatile than the broader market. Comparatively, Marathon Digital has a beta of 5.4, indicating that its stock price is 440% more volatile than the broader market.

Cleanspark has higher earnings, but lower revenue than Marathon Digital. Cleanspark is trading at a lower price-to-earnings ratio than Marathon Digital, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Cleanspark$766.31M4.01$364.46M-$3.77N/A
Marathon Digital$907.09M4.80-$1.31B-$9.16N/A

Cleanspark has a net margin of -146.90% compared to Marathon Digital's net margin of -429.71%. Cleanspark's return on equity of -18.63% beat Marathon Digital's return on equity.

Company Net Margins Return on Equity Return on Assets
Cleanspark-146.90% -18.63% -8.15%
Marathon Digital -429.71%-26.05%-12.73%

Cleanspark presently has a consensus target price of $23.88, suggesting a potential upside of 99.37%. Marathon Digital has a consensus target price of $18.78, suggesting a potential upside of 66.77%. Given Cleanspark's stronger consensus rating and higher possible upside, equities research analysts plainly believe Cleanspark is more favorable than Marathon Digital.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cleanspark
1 Sell rating(s)
1 Hold rating(s)
13 Buy rating(s)
1 Strong Buy rating(s)
2.88
Marathon Digital
2 Sell rating(s)
2 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.50

In the previous week, Marathon Digital had 21 more articles in the media than Cleanspark. MarketBeat recorded 30 mentions for Marathon Digital and 9 mentions for Cleanspark. Cleanspark's average media sentiment score of 0.37 beat Marathon Digital's score of 0.36 indicating that Cleanspark is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cleanspark
4 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
1 Very Negative mention(s)
Neutral
Marathon Digital
10 Very Positive mention(s)
6 Positive mention(s)
5 Neutral mention(s)
4 Negative mention(s)
1 Very Negative mention(s)
Neutral

43.1% of Cleanspark shares are owned by institutional investors. Comparatively, 44.5% of Marathon Digital shares are owned by institutional investors. 2.1% of Cleanspark shares are owned by insiders. Comparatively, 1.0% of Marathon Digital shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Summary

Cleanspark beats Marathon Digital on 11 of the 17 factors compared between the two stocks.

How does Marathon Digital compare to Coinbase Global?

Coinbase Global (NASDAQ:COIN) and Marathon Digital (NASDAQ:MARA) are related companies, but which is the better business? We will compare the two businesses based on the strength of their profitability, earnings, risk, valuation, institutional ownership, media sentiment, dividends and analyst recommendations.

Coinbase Global presently has a consensus price target of $215.11, indicating a potential upside of 15.35%. Marathon Digital has a consensus price target of $18.78, indicating a potential upside of 66.77%. Given Marathon Digital's stronger consensus rating and higher probable upside, analysts plainly believe Marathon Digital is more favorable than Coinbase Global.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Coinbase Global
5 Sell rating(s)
9 Hold rating(s)
18 Buy rating(s)
0 Strong Buy rating(s)
2.41
Marathon Digital
2 Sell rating(s)
2 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.50

68.8% of Coinbase Global shares are owned by institutional investors. Comparatively, 44.5% of Marathon Digital shares are owned by institutional investors. 16.7% of Coinbase Global shares are owned by company insiders. Comparatively, 1.0% of Marathon Digital shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

In the previous week, Coinbase Global had 27 more articles in the media than Marathon Digital. MarketBeat recorded 57 mentions for Coinbase Global and 30 mentions for Marathon Digital. Coinbase Global's average media sentiment score of 0.65 beat Marathon Digital's score of 0.36 indicating that Coinbase Global is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Coinbase Global
25 Very Positive mention(s)
10 Positive mention(s)
10 Neutral mention(s)
6 Negative mention(s)
5 Very Negative mention(s)
Positive
Marathon Digital
10 Very Positive mention(s)
6 Positive mention(s)
5 Neutral mention(s)
4 Negative mention(s)
1 Very Negative mention(s)
Neutral

Coinbase Global has higher revenue and earnings than Marathon Digital. Coinbase Global is trading at a lower price-to-earnings ratio than Marathon Digital, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Coinbase Global$7.18B6.85$1.26B-$3.84N/A
Marathon Digital$907.09M4.80-$1.31B-$9.16N/A

Coinbase Global has a beta of 3.36, indicating that its stock price is 236% more volatile than the broader market. Comparatively, Marathon Digital has a beta of 5.4, indicating that its stock price is 440% more volatile than the broader market.

Coinbase Global has a net margin of -15.72% compared to Marathon Digital's net margin of -429.71%. Coinbase Global's return on equity of 3.12% beat Marathon Digital's return on equity.

Company Net Margins Return on Equity Return on Assets
Coinbase Global-15.72% 3.12% 1.54%
Marathon Digital -429.71%-26.05%-12.73%

Summary

Coinbase Global beats Marathon Digital on 12 of the 16 factors compared between the two stocks.

How does Marathon Digital compare to HIVE Digital Technologies?

HIVE Digital Technologies (NASDAQ:HIVE) and Marathon Digital (NASDAQ:MARA) are both technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their risk, profitability, media sentiment, valuation, dividends, earnings, institutional ownership and analyst recommendations.

HIVE Digital Technologies has a beta of 3.78, indicating that its stock price is 278% more volatile than the broader market. Comparatively, Marathon Digital has a beta of 5.4, indicating that its stock price is 440% more volatile than the broader market.

HIVE Digital Technologies has higher earnings, but lower revenue than Marathon Digital. HIVE Digital Technologies is trading at a lower price-to-earnings ratio than Marathon Digital, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
HIVE Digital Technologies$297.79M2.79-$148.45M-$1.29N/A
Marathon Digital$907.09M4.80-$1.31B-$9.16N/A

In the previous week, HIVE Digital Technologies had 30 more articles in the media than Marathon Digital. MarketBeat recorded 60 mentions for HIVE Digital Technologies and 30 mentions for Marathon Digital. HIVE Digital Technologies' average media sentiment score of 0.57 beat Marathon Digital's score of 0.36 indicating that HIVE Digital Technologies is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
HIVE Digital Technologies
15 Very Positive mention(s)
5 Positive mention(s)
20 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Marathon Digital
10 Very Positive mention(s)
6 Positive mention(s)
5 Neutral mention(s)
4 Negative mention(s)
1 Very Negative mention(s)
Neutral

24.4% of HIVE Digital Technologies shares are owned by institutional investors. Comparatively, 44.5% of Marathon Digital shares are owned by institutional investors. 9.4% of HIVE Digital Technologies shares are owned by company insiders. Comparatively, 1.0% of Marathon Digital shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

HIVE Digital Technologies has a net margin of -98.49% compared to Marathon Digital's net margin of -429.71%. Marathon Digital's return on equity of -26.05% beat HIVE Digital Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
HIVE Digital Technologies-98.49% -31.98% -23.71%
Marathon Digital -429.71%-26.05%-12.73%

HIVE Digital Technologies presently has a consensus target price of $7.00, indicating a potential upside of 131.02%. Marathon Digital has a consensus target price of $18.78, indicating a potential upside of 66.77%. Given HIVE Digital Technologies' stronger consensus rating and higher probable upside, analysts clearly believe HIVE Digital Technologies is more favorable than Marathon Digital.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
HIVE Digital Technologies
1 Sell rating(s)
1 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.67
Marathon Digital
2 Sell rating(s)
2 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.50

Summary

HIVE Digital Technologies and Marathon Digital tied by winning 8 of the 16 factors compared between the two stocks.

How does Marathon Digital compare to Hut 8?

Hut 8 (NASDAQ:HUT) and Marathon Digital (NASDAQ:MARA) are both mid-cap technology companies, but which is the better investment? We will compare the two companies based on the strength of their valuation, profitability, institutional ownership, risk, earnings, dividends, media sentiment and analyst recommendations.

In the previous week, Marathon Digital had 9 more articles in the media than Hut 8. MarketBeat recorded 30 mentions for Marathon Digital and 21 mentions for Hut 8. Hut 8's average media sentiment score of 0.96 beat Marathon Digital's score of 0.36 indicating that Hut 8 is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Hut 8
10 Very Positive mention(s)
4 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Marathon Digital
10 Very Positive mention(s)
6 Positive mention(s)
5 Neutral mention(s)
4 Negative mention(s)
1 Very Negative mention(s)
Neutral

Hut 8 has higher earnings, but lower revenue than Marathon Digital. Hut 8 is trading at a lower price-to-earnings ratio than Marathon Digital, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8$235.12M42.39-$226.15M-$5.45N/A
Marathon Digital$907.09M4.80-$1.31B-$9.16N/A

Hut 8 has a beta of 4.64, meaning that its stock price is 364% more volatile than the broader market. Comparatively, Marathon Digital has a beta of 5.4, meaning that its stock price is 440% more volatile than the broader market.

31.8% of Hut 8 shares are owned by institutional investors. Comparatively, 44.5% of Marathon Digital shares are owned by institutional investors. 10.4% of Hut 8 shares are owned by insiders. Comparatively, 1.0% of Marathon Digital shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Hut 8 has a net margin of -188.59% compared to Marathon Digital's net margin of -429.71%. Hut 8's return on equity of -0.97% beat Marathon Digital's return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-188.59% -0.97% -0.36%
Marathon Digital -429.71%-26.05%-12.73%

Hut 8 currently has a consensus target price of $144.89, suggesting a potential upside of 79.19%. Marathon Digital has a consensus target price of $18.78, suggesting a potential upside of 66.77%. Given Hut 8's stronger consensus rating and higher possible upside, research analysts clearly believe Hut 8 is more favorable than Marathon Digital.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hut 8
1 Sell rating(s)
0 Hold rating(s)
17 Buy rating(s)
2 Strong Buy rating(s)
3.00
Marathon Digital
2 Sell rating(s)
2 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.50

Summary

Hut 8 beats Marathon Digital on 12 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding MARA and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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MARA vs. The Competition

MetricMarathon DigitalSoftware IndustryTechnology SectorNASDAQ Exchange
Market Cap$4.35B$15.67B$29.55B$12.85B
Dividend YieldN/A3.42%2.75%11.08%
P/E Ratio-1.23127.2673.3524.25
Price / Sales4.801,303.80598.97101.53
Price / Cash48.5248.1350.3553.99
Price / Book2.597.509.446.20
Net Income-$1.31B$434.60M$679.74M$348.59M
7 Day Performance22.39%1.62%-1.29%0.08%
1 Month Performance-11.82%7.50%4.03%3.88%
1 Year Performance-30.88%5.00%189.70%16.98%

Marathon Digital Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
MARA
Marathon Digital
3.4751 of 5 stars
$11.26
+1.0%
$18.78
+66.8%
-30.9%$4.35B$907.09MN/A9
BTBT
Bit Digital
2.5586 of 5 stars
$1.60
+1.9%
$5.13
+220.3%
-46.9%$577.01M$113.56MN/A10
CLSK
Cleanspark
3.7331 of 5 stars
$12.40
+2.6%
$23.88
+92.6%
+22.0%$3.18B$766.31MN/A130
COIN
Coinbase Global
3.5 of 5 stars
$150.55
+1.4%
$215.11
+42.9%
-41.7%$39.72B$7.18BN/A4,951
HIVE
HIVE Digital Technologies
3.3139 of 5 stars
$3.07
+14.1%
$6.95
+126.5%
+20.2%$824.69M$297.79MN/A20

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This page (NASDAQ:MARA) was last updated on 8/23/2026 by MarketBeat.com Staff.
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